Project: business Maths. Justine Jaramillo 10C. Your wage is $70,000 per annum from which you pay tax; calculate the tax to nearest dollar. [(70000-35000) × 0.3] [35000 × 0.3] + 4350 10500 + 4350 14850 Your tax will be $14,850.
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Justine Jaramillo 10C
Your tax will be $14,850
Your monthly take home wage will be $4,595.83
You made a loss because the bike was sold cheaper than you originally bought
The percentage that you loss is 20%
Your annual income in $50,000
The price of this house, with land, is around $340,000. You were to buy this and put this on loan over 25 years and make monthly payments. Assuming that the current interest rate is 5% per annum compounding monthly, how much monthly repayment you have to pay on this loan
The monthly repayment you have in this loan is $3,945.50
You purchased a car without a deposit. For convenience, you make repayments for 3 years at 8% rate of interest per annum at simple interest. What would be the monthly repayment if the car is $250,000?
Your monthly repayment will be $8,611.11
You planned to invest $8500 in a term deposit. You had two investment plans from which to choose:
Plan I Simple interest at 5% per annum
Plan II Compound interest at 5% per annum compounding every six months
The total interest earned if you invested in this plan is $425
The total interest you would get if you use this plan is $212.5
Using the trial and error method, the interest rate can be found. The interest rate is 2.5%.